Keep up with the latest developments in the world of cryptocurrencies and seize the best trading opportunities. Today is Saturday, November 22, 2025. I am Wang Yibo! Good morning to all crypto friends ☀ Greetings to the loyal fans 👍 Hit like and get rich 🍗🍗🌹🌹,

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The three major US stock indexes closed higher across the board, with the Dow Jones rising by 1.08%, the S&P 500 up by 0.98%, and the Nasdaq Composite up by 0.88%. Major tech stocks showed mixed performance. Currently, the cryptocurrency market continues its recovery after the rebound, but the turmoil caused by the previous wave of decline has not been fully resolved, leading to intensified competition between buyers and sellers. This has directly caused prices to fluctuate within a defined range and frequent reversals, resulting in an overall market state of volatility and consolidation. Under these circumstances, the market lacks a clear one-sided direction, and investor sentiment swings between recovery and caution. Follow Yibo to stay updated on the latest cryptocurrency news!

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Bitcoin is fluctuating within a range between 83000 and 85500, where a temporary balance has formed between buyers and sellers; on the four-hour chart, a three-candle bullish rebound pattern is evident, clearly reflecting short-term rebound momentum. However, caution is warranted as the panic caused by the previous wave’s support break has not fully dissipated, directly leading to continued weakness in bullish momentum. This is reflected in the repeated appearance of candlesticks with both upper and lower shadows during the rebound, indicating buyers’ intent to push higher but also revealing strong resistance at higher levels, with resistance proving highly effective and rebound highs remaining clearly limited. Price volatility on the hourly timeframe is even more complicated, with the price moving around the middle of the Bollinger Bands amid repeated tug-of-war, as bullish and bearish candles alternate. Notably, bullish candles show obvious weakness when attempting to break out, making it difficult to achieve a sustained and effective rise, while bearish candles quickly erase gains, making previous rebound gains vulnerable to erosion. This reflects the gradually increasing control of the bearish trend, so close attention should be paid to short-term downside risks.

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Ethereum is trading within a narrow range between 2670 and 2800, with limited volatility. The short-term rebound is not enough to change the trend. The resistance at yesterday’s rebound high was near 2900, which now aligns with the 30-period moving average on the four-hour chart. Due to price stabilization after yesterday’s rebound, it’s possible that today may start with a rebound to test resistance before coming under pressure and moving lower again. In the morning, if the price continues to hold at the upper resistance point, selling from higher levels can continue. Considering the overall trend structure and the market’s historical weekend performance, it is likely that the current state of volatility will persist, and the clear boundaries of the current range serve as a key reference for operations.